What HUD offices serve Spring City, Tennessee?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Spring City.
How many renters live in Spring City, Tennessee?
The City of Spring City has people living in households.
There are renters living in renter households in this City. Renters make up 25.94 percent of the population living in Spring City.
What is the rental market like in Spring City, Tennessee?
There are an estimated housing units in the Spring City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Spring City, Tennessee, there are 1 rental units.
What is the vacancy rate for rentals in Spring City?
The rental vacancy rate in Spring City is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Spring City for each bedroom size?
Occupied Rental Units by Size in Spring City
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 50 | 198 | 69 | 6 |
Occupied Rental Units by Size in Spring City
A large number of apartments in Spring City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Spring City
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $651 to $1,147. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $651 |
| One BR | $655 |
| Two BR | $861 |
| Three BR | $1,142 |
| Four BR | $1,147 |
2024 Fair Market Rents in Spring City, Tennessee
How many units are rented at Fair Market Rent (FMR) in Spring City?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| One BR | 44 | 88 percent |
| Two BR | 133 | 67 percent |
Rental Units Below FMR in Spring City, Tennessee
How many affordable rental units are in Spring City?
There are a variety of federal affordable housing programs serving households in Spring City, Tennessee including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly |
Tracked Units by Federal Program in Spring City, Tennessee
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Spring City, Tennessee
Spring City features 31 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Spring City, Tennessee
There are 205 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Spring City.
Housing Choice Vouchers in Spring City, Tennessee
On average, Section 8 Housing Choice vouchers pay Spring City landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Spring City.
The maximum amount a voucher would pay on behalf of a low-income tenant in Spring City, Tennessee for a two-bedroom apartment is between $775 and $947.
Sourced from federal housing data and AffordableHousingOnline.com research.